NEW YORK, April 21, 2015 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of ForceField Energy Inc. ("ForceField" or the
"Company") (NASDAQ: FNRG), concerning whether the board has
breached its fiduciary duties to shareholders.
On April 20, 2015, it was reported
that Richard St-Julien
("St-Julien"), former chairman of ForceField was arrested and had
resigned as chairman. St-Julien was charged for his role in a
scheme to boost the Company's share price using secret payments to
conspirators through a Belize-based firm. St-Julien was
arrested for securities fraud in Florida as he attempted to board a flight to
Costa Rica. ForceField's stock fell more than 20% before
trading was halted on the news.
According to an article published by Business Insider,
trading in ForceField stock will be halted for at least the next
"couple" of weeks.
Our investigation concerns whether positive articles about
ForceField published online were actually undisclosed paid stock
promotion on behalf of the Company. We are also investigating
whether the Company board of directors has breached its fiduciary
duties to shareholders, grossly mismanaged the Company, and/or
committed abuses of control in connection with the foregoing.
If you own ForceField shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
The law firm responsible for this advertisement is Harwood
Feffer LLP (www.hfesq.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP